New Delhi, Aug. 12 -- The Central Bureau of Investigation on Tuesday conducted coordinated search operations in connection with a case registered at CBI, Bank Security & Fraud (BSFB) Bengaluru Branch on the directions of the High Court of Judicature at Madras, the probe agency said on Tuesday.

CBI said that the case was registered on the basis of a complaint from Indian Overseas Bank, Chennai, alleging that a Kanchipuram-based company, along with its associated entities and unknown public servants, committed offences of criminal conspiracy, cheating, criminal breach of trust, misappropriation of property and forgery, causing a wrongful loss of Rs 120.84 crores to the Indian Overseas Bank.

The allegations in the FIR include fraudulent av...